NY S08381

Authorizes the Village of Bloomingburg to sell delinquent tax liens to private parties for more or less than face value, with property owners receiving at least 30 days advance notice before any sale

Requires tax lien purchasers to provide the village with a 30-day notice and list of liens before commencing foreclosure, during which the village may repurchase liens at the original amount plus accrued interest and collection fees

Preserves existing redemption periods and interest rates for property owners despite the sale of liens to private parties

Allows lien purchasers to foreclose using mortgage foreclosure procedures after the redemption period expires, with property owners responsible for reasonable collection costs, attorneys' fees, and legal expenses

Permits the village to pledge delinquent tax liens as loan collateral or hire third parties to collect liens, with collection fees capped at 10% of the outstanding balance and charged to the delinquent taxpayer